Global hand tool market production was estimated at 31,409 million USD in 2015, which was 311 million USD higher than in 2014. There was an annual increase of +1.0% in value terms and +1.4% in physical terms for the period from 2007 to 2015. In physical terms, hand tool production reached 3,012 thousand tonnes.

In 2015, the value of total imports on the global hand tool market stood at 17,183 million USD. In physical terms, the total volume of hand tools dropped to 2,155 thousand tonnes in 2015, which was 1,115 thousand tonnes (6%) less than the year before.

From 2008 to 2014, the U.S. saw blade and handtool market showed mixed dynamics. A significant drop in 2009 was followed by recovery growth over the next three years, until the market decreased again. In 2014, the market resumed growth, reaching 8,785 million USD, which was the peak level recorded over the period under review.

From 2007 to 2014, EU tableware production showed a steady decrease in dynamics, falling sharply from 763 million units in 2007 to 240 million units in 2014. It dropped with a CAGR of -15.2% over the period under review. In value terms, EU tableware production reached 215 million EUR in 2014, declining by -2.0% annually.

With a global market share exceeding 50%, China has become the world's leading exporter of tools as well as a tool production base in the world. China significantly strengthened its position in the global import structure, from 59.6% in 2007 to 67.3% in 2013. This country exported 73.8% of its total hand tool output in 2013. Of this amount, 20.3% was supplied into the U.S., where hand tools held around the half of total U.S. consumption.